Book · 2014 · Exito en los negocios
Profit First
- mentions
- 7
- people
- 3
- podcasts
- 2
- episodes
- 6
- recommendations
- 2
And there's a great book called profit first that is come out fairly recently just a few years ago that is a great primer on instead of growing a business to be bigger to grow a business to be more profitable so that it spins off more money.
What they say about it
- Recommended by Andrew“Andrew recommended I read it”3
The best things said about it
Andrew recommended I read it this weekend.
Somebody recommended on the podcast and they go it was like the time when my girlfriend bought me the book The Game before I went to college.
It's about the this thing called The Profit first uh mentality and he goes in in depth on how much money he leaves in each business and how the CEOs are able to operate him.
One of the guys, one of the CEOs, actually the CEO of Beam, he sent me this book, and I love the idea.
Why people recommend it
Profit First by Mike Michalowicz is a business finance book that advocates for an alternative accounting method where business owners take their profit percentage first rather than treating profit as what is left over after expenses. The book was frequently discussed on My First Million. Shaan Puri brought up the book after receiving recommendations from peers and Andrew Wilkinson, comparing its potential impact on a business owner to reading classic lifestyle guides before college. Andrew Wilkinson and Sam Parr explored the methodology extensively on the podcast, explaining how the Profit First system helps manage business cash flow, optimize profit margins, and dictate how much money CEOs can safely leave within each company. Joe Saul-Sehy also recommended the book on ChooseFI as an exceptional primer for structuring a business to maximize profitability rather than simply chasing raw size or top-line revenue growth. Across these episodes, the podcast hosts and their guests highlighted how shifting to this unconventional financial mindset can fundamentally transform a company's stability and ensure long-term operational success for founders.
Every mention
Shaan Puri good profit or profit first um Andrew recommended I read it this weekend 3
“Have you ever read the book Profit First? No. Somebody recommended on the podcast and they go it was like the time when my girlfriend bought me the book The Game before I went to college”
“And so, Andrew Wilson came on this podcast and had this book. He was talking about profit first.”
“good profit or profit first um Andrew recommended I read it this weekend”
Joe Saul-Sehy and there's a great book called profit first that is come out fairly recently just a few years ago that is… 1
“and there's a great book called profit first that is come out fairly recently just a few years ago that is a great primer on instead of growing a business to be bigger to grow a business to be more profitable so that it spins off more money”
Sam Parr Andrew, what is this Profit First methodology? That's that book that you like? I love this. So, yeah, one o… 1
“Andrew, what is this Profit First methodology? That's that book that you like? I love this. So, yeah, one of the guys um one of the CEOs, actually the CEO of Beam, um he sent me this book, and um I love the idea.”
Mentioned on the show without a named speaker2
“it's about the this thing called The Profit first uh mentality and he goes in in depth on how much money he leaves in each business and how the CEOs are able to operate him”
“I was talking to one of your company uh CEOs last night and um they mentioned this profit first book which I think is interesting”
